Washington, D.C. – Today Rep. Anna G. Eshoo (D-Palo Alto), along with thirty other Members of the California Congressional Delegation, urged the federal government to investigate the handling of delinquent mortgages, mortgage modifications, and foreclosures by financial institutions. In a letter to Attorney General Eric Holder, Federal Reserve Chairman Ben Bernanke, and Comptroller of the Currency John Dugan, the Delegation outlined systemic misconduct on the part of lenders and servicers, and requested the agencies investigate possible violations of law or regulations.

“Thousands of constituents from my Congressional District and across California have reported deceit and mishandling of their mortgages and foreclosures,” Rep. Eshoo said. “Far too many forms are lost, requirements are misrepresented, and phone calls go unanswered to consider this coincidental. The foreclosure crisis is hurting my constituents, our economy, and our country, and the federal government has a responsibility to get to the bottom of it.”

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Read the full text of the letter by clicking here.

Read examples of California housing cases by clicking here.